Oramed Pharmaceuticals (NASDAQ:ORMP) released its earnings results on Wednesday. The biotechnology company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09), Fidelity Earnings reports. Oramed Pharmaceuticals had a negative return on equity of 28.75% and a negative net margin of 230.07%.
Shares of ORMP traded down $0.10 during midday trading on Friday, reaching $4.36. The company had a trading volume of 7,773 shares, compared to its average volume of 164,833. Oramed Pharmaceuticals has a 1-year low of $2.40 and a 1-year high of $5.71. The firm has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $3.45. The stock has a market cap of $103.23 million, a PE ratio of -13.51 and a beta of 1.58.
Separately, Alliance Global Partners began coverage on shares of Oramed Pharmaceuticals in a research report on Thursday, December 3rd. They set a “buy” rating and a $11.00 price target on the stock.
Oramed Pharmaceuticals Inc engages in the research and development of pharmaceutical solutions for the treatment of diabetes and for the use of orally ingestible capsules or pills for delivery of polypeptides. Its proprietary flagship product is the ORMD-0801, an orally ingestible insulin capsule, which completed phase II clinical trials for the treatment of individuals with diabetes.
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